JimmerFredette will hit the open market with silky jumper in tow, and it appears the Chicago Bulls would like to add the newly liberated gunner to their underwhelming perimeter rotation.

According to an official team release, the Sacramento Kings completed a buyout with Fredette on Thursday. General manager Pete D'Alessandro sent the BYU product off with some kind words:

This was a very tough decision, but we’re confident that the agreement reached today represents the most productive path forward, both for Jimmer and the Kings. Echoing a sentiment that everyone who knows him appreciates about Jimmer, he’s a tremendous person and a consummate professional.

Having moved past the pleasantries, we can get to the fun stuff: figuring out where Fredette will land.

Per ESPN's Marc Stein, Chicago has quietly become a prime suitor (provided it can stomach the cost of adding anyone to the roster):

Luxury-tax issues complicate ANY signing Bulls consider but word is they've emerged as a dark-horse contender for Jimmer Fredette this week

It's no wonder Fredette would have interest in joining the Bulls. He's an NBA player with one elite skill—outside shooting—and the Bulls are in desperate need of somebody to stretch the floor.

Chicago currently ranks 27th in the NBA in three-point shooting at 34.1 percent. So, it's safe to say Fredette's ridiculous accuracy rate of 49.3 percent would represent an upgrade.

Of course, Fredette couldn't crack the rotation consistently in Sacramento because of his inability to play passable defense. With Tom Thibodeau still firmly in possession of the NBA's most demanding defensive principles, Fredette had better hit the Windy City ready to work.

If he can't find a way to contribute anything on D, no amount of long-distance marksmanship will get him off Thib's bench.